OMX, a leading expert in the exchange industry, today announced an outsourcing
agreement with Verizon Business, a leading provider of advanced, global,
enterprise communications and information technology solutions. The agreement
covers OMX's external network operations and data center management and spans a
seven year period, commencing October 1, 2007.
Under the agreement Verizon Business will take responsibility for aspects of
external networks and data centers. OMX will continue to be the prime contractor
and offer a wide range of IT services to exchanges, clearing organizations and
CSDs worldwide. The overriding goal with the transaction is to further enhance
global customer service delivery and support future growth.
“Finding a dedicated outsourcing supplier for external network operations and
data center management is an important element in our global growth plans”,
comments Markus Gerdien, President, Market Technology, OMX. “Verizon Business
has an excellent track record in managed services, proven experience of the
financial services sector, and a global network reach. The partnership is
ultimately designed to benefit our customers. We look forward to working with
Verizon Business as we continue to expand the reach of our IT services
worldwide.”
“OMX is a truly global organization servicing customers in one of the most
demanding communications environments - the financial markets”, comments John
Killian, president, Verizon Business. “OMX's business relies on fast, secure
and reliable networks and we are delighted that it has chosen to entrust the
operation and management of this critical business asset to Verizon Business.”
Further to facilitating international expansion, OMX's decision to outsource
network and data center operations will also enable the company to streamline
operations. The agreement is part of OMX's focus on increasing profitability in
the Market Technology business.
For more information, please contact:
Jonas Rodny, OMX +46 8 405 72 67
About OMX | OMX is a leading expert in the exchange industry. The OMX Nordic
Exchange comprises over 800 companies including its alternative market First
North. OMX provides technology to over 60 exchanges, clearing organizations and
central securities depositories in over 50 countries. The Nordic Exchange is not
a legal entity but describes the common offering from OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a Nordic
Large Cap company in the Financials sector on the OMX Nordic Exchange. For more
information, please visit www.omxgroup.com.
About Verizon Business | Verizon Business, a unit of Verizon Communications
(NYSE: VZ), is a leading provider of advanced communications and information
technology (IT) solutions to large business and government customers worldwide.
Combining unsurpassed global network reach with advanced communications,
security and other professional service capabilities, Verizon Business delivers
innovative and seamless business solutions to customers around the world. For
more information, visit www.verizonbusiness.com.
This information is disclosed according to applicable law and exchange rules.
